T-Mobile US (NASDAQ:TMUS) had its price target dropped by equities research analysts at Morgan Stanley from $152.00 to $149.00 in a research report issued on Wednesday, Price Targets.com reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. Morgan Stanley’s target price points to a potential upside of 34.27% from the stock’s current price.
TMUS has been the topic of a number of other reports. Wells Fargo & Company upgraded T-Mobile US to a “neutral” rating in a report on Sunday. Sanford C. Bernstein set a $162.00 price target on T-Mobile US in a report on Monday, January 3rd. Raymond James upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $151.00 to $158.00 in a report on Wednesday, November 3rd. The Goldman Sachs Group upgraded T-Mobile US from a “buy” rating to a “conviction-buy” rating and set a $153.00 price target on the stock in a report on Tuesday. Finally, Credit Suisse Group set a $165.00 price target on T-Mobile US in a report on Friday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $163.14.
Shares of NASDAQ TMUS opened at $110.97 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $116.29 and a two-hundred day simple moving average of $128.05. The firm has a market cap of $138.61 billion, a PE ratio of 41.56 and a beta of 0.53. T-Mobile US has a twelve month low of $104.10 and a twelve month high of $150.20.
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T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, November 2nd. The Wireless communications provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $19.60 billion during the quarter, compared to analyst estimates of $20.10 billion. T-Mobile US had a return on equity of 6.15% and a net margin of 4.21%. During the same period in the previous year, the company posted $1.17 EPS. On average, research analysts expect that T-Mobile US will post 2.26 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. grew its stake in T-Mobile US by 7.1% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 1,107 shares of the Wireless communications provider’s stock valued at $160,000 after purchasing an additional 73 shares during the last quarter. Nachman Norwood & Parrott Inc lifted its holdings in shares of T-Mobile US by 4.5% in the 2nd quarter. Nachman Norwood & Parrott Inc now owns 1,812 shares of the Wireless communications provider’s stock valued at $262,000 after buying an additional 78 shares during the period. Seeyond lifted its holdings in shares of T-Mobile US by 0.4% in the 2nd quarter. Seeyond now owns 17,750 shares of the Wireless communications provider’s stock valued at $2,570,000 after buying an additional 79 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in shares of T-Mobile US by 3.4% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 2,490 shares of the Wireless communications provider’s stock valued at $361,000 after buying an additional 82 shares during the period. Finally, Lake Street Advisors Group LLC lifted its holdings in shares of T-Mobile US by 2.8% in the 2nd quarter. Lake Street Advisors Group LLC now owns 3,047 shares of the Wireless communications provider’s stock valued at $441,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.
T-Mobile US Company Profile
T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.
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